Spring is generally the busiest time of year in the Australian property market, and this season could be a ripper. In recent months, we’ve seen ongoing signs of improving market conditions, driven by a Coalition federal election win, interest rate cuts and a softening of lending restrictions.
And it’s clear that buyers are returning to the market. In August, capital city auction markets recorded the highest preliminary clearance rate in over two years.That said, listings re
September has arrived and we’re heading into what has come to be called the “Spring Selling Season” in Australian real estate circles.
The theory is that as the weather warms and flowers bloom, homes start looking their best and buyers will come out of hibernation. This season is seen by some as a prompt for many owners to list their property for sale.
The actual impact of spring on the sales cycles is debatable, but there are indications price retractions in Sydney and M
At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable, although the risks are tilted to the downside. The trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans due to the increased uncertainty. At the same time, in most advanced economies, unemployment rates are low and wages growth has picked up, although inflation